Obama's Re-Election Prospects Suffer An Ominous GDP Report

Jul 2011
34,103
2,549
Tennessee
#1
this is part i found most interesting. i think it helps explain the job numbers over the past 6-8 months.

please read.

Real business nonresidential fixed investment (RBNRFI) was lower in 1Q2012 than it was in 4Q2011, falling at a 2.1% annual rate, quarter to quarter. This continued a decelerating trend. After growing at 15.7% during 3Q2011, RBNRFI slowed to a 5.2% growth rate in 4Q2011 and then fell at a 2.1% rate last quarter.

President Obama's 2012 Re-Election Prospects Suffer An Ominous GDP Report - Forbes
 
Oct 2007
681
305
Marion, Ohio
#2
Before any consideration is given to increasing taxation, our U.S. Congress should be addressing the elimination of all unnecessary government expenditure/entitlement spending. Simply tossing more money at wasteful spending merely increases and promotes more wasteful spending. When President Obama took office in January 2009, The Public Debt was about $10.6 trillion dollars. Now, The Public Debt is roughly $15.7 trillion and counting. The U.S economy began to indicate signs of marginal growth in fiscal year 2010, Real GDP growth roughly 3.0% The American economy added 290,000 jobs in January, 240,000 in February in fiscal year 2012. The economy only added a dismal 120,000 jobs in the month of March and a pathetic 119,000 jobs in the month of April in 2012. The average Real GDP growth currently stands around 2.2% Any inclination that the U.S. is improving is a fabrication of the truth.